Housebuilder Berkeley reports 31% slump in first-half profit

(Reuters) – British housebuilder Berkeley Group Plc (BKGH.L) on Friday reported a slump in first-half pretax profit as it sold fewer homes at lower prices in a Brexit hit real-estate market.

The company, which operates primarily in London, Birmingham and the South of England, said pretax profit fell 31% to 276.7 million pounds ($355.01 million) for the six months ended Oct. 31.

Reporting by Samantha Machado in Bengaluru; Editing by Bernard Orr